Fantasy sports sites FanDuel and Draft Kings terminate their merger

A DraftKings logo is displayed on a board inside of the DFS Players Conference in New York Thomson Reuters FanDuel Chief Executive Nigel Eccles said on Thursday that his company and DraftKings would terminate a planned merger after a legal challenge by U.S. antitrust enforcers.

The U.S. Federal Trade Commission said in June that it would seek to stop the two companies' merger because the combined company would control more than 90% of the US market for paid daily fantasy sports contests.